Business/Financial

AEVEX Corp. [AVEX] on Tuesday said it has closed its $600 million acquisition of BlackSea Technologies, adding design, development and manufacturing capabilities of unmanned surface vessels (USVs) and unmanned undersea […]

Cincinnati’s GE Aerospace [GE] said on Tuesday that it is to buy Cleveland-based Consolidated Precision Products (CPP) a 6,600 employee maker of military and commercial engine castings, for $11.5 billion, […]

Stoke Space on Tuesday said it has raised $1 billion in a new funding round that will help support the first launch of its Nova rocket in early 2027 and […]

L3Harris Technologies [LHX] said on Sept. 3 that it has finished production of the first 35 AN/ALQ-254 Viper Shield electronic warfare and countermeasure systems in a planned buy of 233 […]

XTEND AI Robotics, the new name for XTEND following a reverse merger with JFB Construction Holdings, on Friday will begin trading on the New York Stock Exchange with new resources […]

Anduril Industries has been selected by unmanned supersonic aircraft developer Hermeus to integrate its Lattice mission autonomy software on the Quarterhorse Mk2 aircraft to enable collaborative missions with a nod […]

LYNN, Mass.—GE Aerospace [GE] said that it is working on hardware and supplemental testing for the company’s XA102 engine to meet timelines the U.S. Air Force lays out for the […]

Heven AeroTech, which is focused on the development and manufacture of hydrogen-powered drones, is operating a 56,000 square foot production facility in Northern Virginia, adding to its existing manufacturing capacity. […]

Critical Materials Group (CMG), a startup developing a modular, automated production platform for energetics used in explosives, has raised $10.3 million in a seed round led by Overmatch Ventures to […]

LYNN, Mass.—GE Aerospace [GE] said on Monday that the Pentagon’s Defense Innovation Unit (DIU) has awarded the company a prime contract for an all-up-round (AUR) hypersonic test bed under the […]